Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) saw strong trading volume on Wednesday . Approximately 33,901,203 shares traded hands during trading, an increase of 77% from the previous session’s volume of 19,175,891 shares.The stock last traded at $13.25 and had previously closed at $14.15.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Up 34.8%

The firm has a fifty day moving average of $35.24 and a two-hundred day moving average of $27.05. The company has a market cap of $1.23 billion, a PE ratio of 9.42 and a beta of 4.43.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Several large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the second quarter valued at approximately $1,893,000. Virtu Financial LLC boosted its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the 3rd quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock worth $2,972,000 after buying an additional 20,986 shares during the period. Susquehanna International Group LLP boosted its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in the 3rd quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock worth $5,541,000 after buying an additional 18,682 shares during the period. NWI Management LP purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter valued at approximately $3,566,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at approximately $1,039,000.

Direxion Daily MSCI South Korea Bull 3x Shares Company Profile

The Direxion Daily South Korea Bull 3X Shares (KORU) is an exchange-traded fund that is based on the MSCI Korea 25-50 index. The fund provides 300% daily leveraged exposure to a market-cap-weighted index of large- and mid-cap South Korean companies. KORU was launched on Apr 11, 2013 and is managed by Direxion.